Wipro's April–June results miss estimates, outlook also subdued

Earnings
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Indian IT services major Wipro reported first-quarter results for fiscal 2026, with revenue rising 10.6 percent year on year to 244.79 billion rupees, missing the LSEG-compiled analyst consensus of 247.76 billion rupees. Net profit edged up 0.6 percent to 33.52 billion rupees, falling short of the 34.42 billion rupees analysts had expected. For the second quarter, the company forecast revenue of 2.57 billion to 2.63 billion dollars, implying a sequential decline of 1.5 percent to a rise of 0.5 percent, below analyst projections of a 1 percent decline to a 1 percent increase. Total order bookings in the first quarter dropped to 3.37 billion dollars from 5 billion dollars a year earlier. An analyst at brokerage Centrum Broking noted that Wipro is lagging peers and that its traditional contract model may not generate sustainable growth.

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